Kawasaki Kisen Kaisha Ltd., Japan’s third-biggest shipping line, plans to raise as much as 34.6 billion yen ($385 million) selling shares to help pay for vessels as it prepares for an economic recovery. The company will sell 110 million new shares in a public sale and offer an overallotment of 16.5 million shares, according to a filing with Japan’s Finance Ministry today. Compatriot line Nippon Yusen Kaisha opted for a similar fund raising exercise in December.